New York & Tri-State + Fairfield/Westchester + Finance | March 18, 2021

Irvington, NY-Based Community Bank to be Acquired by DLP Real Estate Capital

Sunnyside Bancorp, Inc., based in Irvington, NY, said Wednesday it had agreed to be acquired by DLP Bancshares, an affiliate of DLP Real Estate Capital. The acquisition includes Sunnyside’s subsidiary, Sunnyside Federal Savings and Loan Association of Irvington.

Sunnyside Federal will continue to operate as a community bank serving the needs of its consumer and business customers and emphasizing personalized and efficient customer service. The company also expects to offer commercial real estate financing to professional operators and warehouse loans to private lending originators on a national basis.

Don Wenner, DLP Real Estate Capital founder and CEO, said, “Acquiring a bank is a natural segue to broadening and enhancing the offering of products and services to our current and future DLP family of investors, partners, and customers. Sunnyside’s focus on supporting the community with personal and business banking needs is a perfect fit with DLP’s mission.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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